26 per case. The following information relates to the budget forscreenshots attachedneed help asap Budget informationBudgeted sales in cases.......Packaging cost per case..... $Shipping expense per case.$Sales commission expenseSalaries expenseOffice rent..DepreciationInsurance expenseOffice supplies expensePrint$$$$$9,100 casesDone125% of sales price6,5003,9002,5001,800900Actual expensesPackaging cost..Shipping expenseSales commission expense.Salaries expense.Office rent$ 10,600$19,50012,760$$ 7,300$3,900Depreciation$Insurance expense$2,5001,6001,600Office supplies expense$During the year, Main Street Muffins actually sold9,500 cases, resulting in total sales revenue of$255,200.- XRequirementConstruct a flexible budget performance report for Main Street Muffins for the year.Be sure to indicate whether each variance is favorable (F) or unfavorable (U).PrintDone Main Street Muffins sells its muffins to restaurants and coffee houses for an average selling price of $26 per case. The following information relates to the budget for Main Street Muffins for this year (all figures are annual totalsunless otherwise noted):View the budget informationView the actual expenses (in total) from this year.Read the requirement.(Enter the variances as positive numbers. Label each variance as favorable (F) or unfavorable (U), in the input field after the amount you enter. If the variance is 0, make sure to enter in a "0". A variance of zero isconsidered favorable.)Sales revenue($26 per case)Main Street MuffinsFlexible Budget Performance Report - Sales and Operating ExpensesFor the Year Ended December 31Actual9,500 casesFlexibleBudgetVarianceFlexibleBudget9,500 cases*****VolumeVarianceMasterBudget9,100 cases

Flexible Budget :— Flexible Budget is a type of variable budget that predicts the production or…

Budget information Budgeted sales in cases... Packaging cost per case... Shipping expense per case Sales commission expense Salaries expense Office rent Depreciation Insurance expense Office supplies expense Print S 9,100 cases 1 2 5% of sales price 6.500 3,900 2,500 1,800 900 Dono Actual expenses Packaging cost Shipping expense.. Sales commission expense. Salaries expense..... Office rent.. Depreciation Insurance expense.. $ 10,600 S 19,500 $ 12,760 $ 7,300 $ 3,900 $ $ $ 2,500 1,600 1,600 Office supplies expense During the year, Main Street Muffins actually sold 9,500 cases, resulting in total sales revenue of $255,200. - X Requirement Construct a flexible budget performance report for Main Street Muffins for the year. Be sure to indicate whether each variance is favorable (F) or unfavorable (U). Print Done

Budget information Budgeted sales in cases... Packaging cost per case... Shipping expense per case Sales commission expense Salaries expense Office rent Depreciation Insurance expense Office supplies expense Print S 9,100 cases 1 2 5% of sales price 6.500 3,900 2,500 1,800 900 Dono Actual expenses Packaging cost Shipping expense.. Sales commission expense. Salaries expense..... Office rent.. Depreciation Insurance expense.. $ 10,600 S 19,500 $ 12,760 $ 7,300 $ 3,900 $ $ $ 2,500 1,600 1,600 Office supplies expense During the year, Main Street Muffins actually sold 9,500 cases, resulting in total sales revenue of $255,200. - X Requirement Construct a flexible budget performance report for Main Street Muffins for the year. Be sure to indicate whether each variance is favorable (F) or unfavorable (U). Print Done

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter6: Receivables And Inventories

Section: Chapter Questions

Problem 6.4MBA

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